Apple quarterly net profit soars 94%

News Wireless Global 25 APR 2012
Apple quarterly net profit soars 94%
Apple announced a near doubling in net profit for its fiscal second quarter, to USD 11.6 billion of USD 2.30 per share, from USD 6.0 billion or USD 6.40 per share in the year-earlier period. Revenues for the three months to March jumped to USD 39.2 billion from USD 24.7 billion, and the company's gross margin improved to 47.4 percent from 41.4 percent in the year-ago quarter. The results were well ahead of Apple's earlier guidance for revenues of around USD 32.5 billion and EPS of USD 8.50. Apple sold 35.1 million iPhones in the quarter, up 88 percent year-on-year. iPad shipments rose an even stronger 151 percent to 11.8 million units, and sales of Mac computers increased 7 percent to 4 million. Apple also sold 7.7 million iPods, down 15 percent from the year-ago quarter. For the third fiscal quarter, Apple forecast revenue of about USD 34 billion and EPS of USD 8.68.

Categories:

Mobile

Companies:

Apple

Regions:

Global

Tags:

Sales figures, Financial figures, Consumer devices, Handsets

Related Articles

GLOBAL 24 JUL 2012

Apple iPhone sales slow to 26 mln in June quarter

Apple reported revenues of USD 35.0 billion for its fiscal third quarter ended 30 June, up from USD 28.6 billion a year earlier. Net profit improved to USD 8.8 billion or USD 9.32 per share, from USD 7.3 billion or USD 7.79 per share. Results were ahead of its earlier guidance for revenues of USD 34 billion and EPS of USD 8.68. The company confirmed it will pay an interim dividend, of USD 2.65 per share, next month. The company sold 26.0 million iPhones in the quarter, up 28 percent from the year-ago quarte

GLOBAL 30 APR 2012

Apple tax policies face scrutiny in US

Apple's corporate tax policies have come under scrutiny in an article by the New York Times. The report highlights how Apple uses subsidiaries in states such as Nevada, which has a zero corporate tax rate, to reduce its corporate tax bill. Apple also has subsidiaries in places with beneficial subsidiary tax regimes like Ireland, the Netherlands, Luxembourg and the British Virgin Islands. Based on current estimates, Apple is expected to set a record for profits by an American company this year, at USD 45.6 b

SOUTH AFRICA 30 APR 2012

FNB starts selling iPad3 from ZAR 205/month plus fee

South Africa's First National Bank (FNB) has added the iPad 3 to its tablet and smartphone special offers for Gold, Platinum, and Private account holders. The new version of the device launched in South Africa on 27 April. FNB is offering the 16 GB iPad 3 with Wi-Fi for ZAR 205 per month over 24 months, or for ZAR 259 with 4G as well. The 32 GB version of the iPad 3 with Wi-Fi and 4G is being offered for ZAR 299. Meanwhile, the 16 GB iPad 2 with Wi-Fi and 3G is offered for ZAR 219. On top of these fees, Gol

GLOBAL 27 APR 2012

Samsung passes Nokia to become world's largest handset maker

Samsung passed Nokia to become the world's biggest mobile phone maker in the first quarter, according to Strategy Analytics. The market researcher estimates that Samsung sold 93.5 million handsets, versus a reported 82.7 million at Nokia. Samsung took a record 25.4 percent of the market, up from 19.3 percent a year ago. Nokia fell to 22.5 percent from 30.4 percent in the year-earlier period, ending its 14-year reign as the world's biggest handset vendor. Samsung was also the top smartphone seller in the qua

GLOBAL 25 APR 2012

Winst Apple stijgt met 94%

Apple verkocht in het afgelopen kwartaal 35 miljoen iPhones en bijna 12 miljoen iPads. Dat betekent een stijging van respectievelijk 88 en 151 procent ten opzichte van een jaar eerder. Het aantal verkochte iPods daalde in het tweede fiscale jaar wel met 15 procent naar 7,7 miljoen stuks. Apple verkocht vier miljoen Mac-computers. De nettowinst van het bedrijf kwam uit op 11,6 miljard dollar, een stijging van 94 procent, bij een omzet van 39,2 miljard dollar. De resultaten van Apple werden onder meer gestuwd

GLOBAL 18 APR 2012

Apple, Samsung agree to settlement talks in US suit

Apple and Samsung Electronics have agreed to enter settlement talks in a California patent case, one of many the two smartphone giants are fighting around the globe. Judge Lucy Koh, who presides over the case between Apple and Samsung in US District Court for the Northern District of California, said in a filing that the two companies had agreed to participate in a "magistrate judge settlement conference," with the hopes of reaching a settlement within 90 days, the Wall Street Journal reports. Apple said in

GLOBAL 17 APR 2012

Apple to offer iPad in South Korea, 11 additional countries

Apple will launch iPad in South Korea and eleven additional countries on 20 April. The iPad features a Retina display, Apple's A5X chip with quad-core graphics and a 5-megapixel iSight camera with advanced optics for capturing photos and HD video. The iPad also will be available on 20 April in Brunei, Croatia, Cyprus, Dominican Republic, El Salvador, Guatemala, Malaysia, Panama, Saint Maarten, Uruguay and Venezuela. Beginning on 27 April, the iPad will be available in Colombia, Estonia, India, Israel, Latvi

GLOBAL 22 MAR 2012

Apple to maintain tablet market dominance – study

The market for sub-USD 400 media tablets will see significant growth over the next five years, occupying more than 60 percent of the market share by 2016. The market for the over USD 400 segment will shrink, according to a study by ABI Research. The report also shows that the majority of new entrant media tablet models have been in the sub-USD400 segment that focuses on growth markets like India and China. The strong wave of growth in this segment over the next few years is expected to be driven by the adop

GLOBAL 20 MAR 2012

Apple sells 3 mln iPad 3 in first weekend

Apple said it sold 3 million units of the new iPad 3 in the first three days since its launch on 16 March. This is the strongest launch yet for an iPad, the company said. The iPad 3 was first launched in 11 countries, including the US, UK and Japan, and will be available in another 24 countries from 23 March. Prices start at USD 499 for the Wi-Fi model with 16GB storage.

GLOBAL 19 MAR 2012

Apple confirms plans for dividend, share buyback

Apple announced plans to start paying shareholders dividends and spend up to USD 10 billion on a share buyback. Apple said it will start paying a quarterly dividend of USD 2.65 per share sometime in its fiscal fourth quarter, which starts on 01 July. The repurchase of the company's shares will start in fiscal 2013, which begins on 30 September, and will take over three years to reach the target amount. The main aim of the buyback is to offset earnings dilution from the issue of stock and options to employee

GLOBAL 15 MAR 2012

Apple confirms more markets for iPad 3 launch on 23 March

Apple has confirmed additional markets for the launch of the iPad 3. Starting 23 March, the new iPad will be available in Austria, Belgium, Bulgaria, Czech Republic, Denmark, Finland, Greece, Hungary, Iceland, Ireland, Italy, Liechtenstein, Luxembourg, Macau, Mexico, The Netherlands, New Zealand, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden. The tablet will first launch on 16 March in the the US, Australia, Canada, France, Germany, Hong Kong, Japan, Singapore, Switzerland and the

GLOBAL 12 MAR 2012

Apple sells out pre-order iPad 3

Apple has quickly sold out of the iPad 3 and pushed back the date of delivery for the first devices. The iPad 3 went on pre-sale in the US, but the company said the devices set aside for pre-orders have already run out. It originally offered pre-order customers delivery on the first day of release, 16 March, but its site now says delivery will only take place three days later, on 19 March. On the day of launch, customers can still visit Apple stores or its resellers to buy the iPad 3.

GLOBAL 25 JAN 2012

Apple doubles iPhone sales to over 37 mln

Apple sold 37.04 million iPhones in its fiscal first quarter to 31 December, an increase of 128 percent compared to the year-earlier period thanks to the launch of the latest version of the device, the iPhone 4S. The company more than doubled iPad sales to 15.43 million and grew Mac sales 26 percent to 5.2 million. iPods were the only device to show a drop in sales, falling 21 percent from a year earlier to 15.4 million sold. Apple's revenues for the quarter jumped to USD 46.33 billion from USD 26.74 billio

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.